
\begin{table}
\begin{center}
\begin{tabular}{l D{.}{.}{4.6} D{.}{.}{3.6}}
\toprule
 & \multicolumn{1}{c}{Mainstream} & \multicolumn{1}{c}{Challenger} \\
\midrule
Lagged DV: Anti-elite strategy ($t-1$)  & 0.451^{***}             & 0.248^{***}             \\
                                        & (0.041)                 & (0.055)                 \\
Coalition Inclusion Probability ($t-1$) & -0.067^{***}            & -0.039                  \\
                                        & (0.015)                 & (0.039)                 \\
\midrule
Party FEs                               & \multicolumn{1}{c}{Yes} & \multicolumn{1}{c}{Yes} \\
R$^2$                                   & 0.216                   & 0.068                   \\
Adj. R$^2$                              & 0.190                   & 0.016                   \\
Num. obs.                               & 1966                    & 947                     \\
\bottomrule
\multicolumn{3}{l}{\scriptsize{$^{***}p<0.001$; $^{**}p<0.01$; $^{*}p<0.05$}}
\end{tabular}
\caption{Regression of parties' anti-elite strategies on their coalition inclusion probability at $t-1$. All variables recorded at the party–quarter level. Models include the lag of the anti-elite strategy indicator and party fixed effects. Regression coefficients estimated using OLS with panel-corrected standard errors.}
\label{tab:cip_regression}
\end{center}
\end{table}
